Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, continued his high-level engagements in New York on the fourth day of his official visit to attend the 81st Session of the United Nations General Assembly, as part of Pakistan’s high-level delegation headed by the Honourable Prime Minister of Pakistan. In his remarks at the Climate Implementation Bridge (BRIDGE) event, the Finance Minister emphasized the need to translate climate commitments into tangible results for communities.
The Finance Minister identified three key requirements for effective climate implementation: a sound policy framework, access to finance, and the capacity to deliver projects at the country level. He highlighted Pakistan’s progress in strengthening its climate policy framework and its efforts to mobilize financing through domestic resources, international financial institutions, capital markets and climate funds.
Senator Muhammad Aurangzeb noted that institutional fragmentation and a shortage of investable and bankable projects continue to hinder effective implementation. Referring to the 2022 floods, he observed that some international support remained unutilized despite generous pledges, underscoring the importance of developing suitable projects and strengthening implementation capacity at the country level.
Welcoming Pakistan’s participation in BRIDGE, the Finance Minister urged partners to build consensus around practical “no-regret” decisions that can move the initiative from dialogue to action. He stressed the importance of translating climate commitments into concrete projects and measurable outcomes that can deliver tangible benefits for communities.
The Finance Minister’s engagements during the UNGA High-Level Week have underscored Pakistan’s continued focus on strengthening climate resilience, mobilizing resources for climate action and building effective international partnerships to support implementation on the ground.
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